Capital Investment Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Investment Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,823 shares of the e-commerce giant's stock after purchasing an additional 16,960 shares during the quarter. Capital Investment Advisors LLC's holdings in Amazon.com were worth $40,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Capital Research Global Investors raised its holdings in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc raised its holdings in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock worth $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Amazon.com from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $235.45.

Amazon.com Stock Up 1.4 %

AMZN stock traded up $2.91 during mid-day trading on Tuesday, reaching $204.61. The company had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The firm has a fifty day simple moving average of $192.19 and a 200 day simple moving average of $186.06. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This trade represents a 3.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,054,586 shares of company stock valued at $1,256,749,526 in the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.